Bringing up kids is expensive. In fact, research has found that the cost of raising a child to the age of 18 in the United States is roughly $245,340 not taking into account future inflation rates. That is a huge sum of money. So, no matter how much you and your partner earn or how many children you have, it is worth getting your house in order and taking steps to save at least a little bit of cash every month. Here are some simple money-saving hacks that most mommies will be able to implement:
Take Advantage of Deals
Whether shopping for groceries or new clothes for the kiddos, always be on the lookout for any deals and special offers. By taking advantage of deals, you will be able to save anywhere from 10 to 80 percent of the cost of your purchase, and this money can be added to your savings.
A word of caution: Do not be tempted to buy something you don’t really need just because it seems like a good deal. After all, having the money in your pocket would be more useful than buying something you don’t really need no matter how cheap it might be.
The traditional way of couponing, where you would be forced to scour various magazines and newspapers for offers, clip them and then take them to the relevant store was definitely time-consuming, and something that only the most dedicated savers would bother with, but the internet has changed things somewhat. Today, you can find hundreds of coupons at the click of a button on the various couponing websites that are now so popular. Then, you can simply print them out or redeem them online for a few quick savings.
Sweepstakes and Giveaways
Similarly, the internet, and websites like sweepstakesdaily.com/hgtv-sweepstakes/ have made it possible to win competitions and giveaways at the touch of a button, and although you can’t rely on them for anything you need, if you are inclined to spend an hour or so each day entering competitions, you could win more than you might expect and use your winnings to make some extra income.
Visit a Toy Library
If your town has its own toy library, it is well worth signing up because, instead of paying out hundreds of dollars on the latest toys for your kids, you can just borrow them instead. Let’s face it, most kids get bored of their favorite toys in no time at all anyway, so having the ability to borrow new ones on a regular basis will make them as happy as it does you.
Have a Home Swap Holiday
Family holidays can be mighty expensive, but you can cut the cost by ditching the hotel and opting for a home swap instead. How it works is, you find a family in the location you wish to visit who is looking to visit your area. You stay in their home, and they stay in yours for a cheap family holiday that will be even better than one where you’re all cooped up in a hotel room!
What are your frugal mommy tips for saving money?